Carrollton appreciation rates and housing market information
Carrollton housing market information
With a population of 124,475, 43,299 total housing units (homes and apartments), and a median house value of $170,297, Carrollton real estate is some of the most expensive in Texas, although Carrollton home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Carrollton, accounting for 63.09% of the city's housing units. Other types of housing that are prevalent in Carrollton include large apartment complexes or high rise apartments (26.81%), duplexes, homes converted to apartments or other small apartment buildings (5.14%), and a few row houses and other attached homes (4.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carrollton. Owner-occupied housing accounts for 66.25% of Carrollton's homes, and 63.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Carrollton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Carrollton built between 2000 and later (12.79%). A lesser amount of the housing stock also hails from between 1940-1969 (10.61%).
Carrollton home appreciation rates
Appreciation rates for homes in Carrollton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.16%, which ranks in the top 50% nationwide. This equates to an annual average Carrollton house appreciation rate of 1.42%.
Appreciation rates are so strong in Carrollton that despite a nationwide downturn in the housing market, Carrollton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carrollton appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 80.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carrollton. Carrollton appreciation rates in the latest quarter were at 1.12%, which equates to an annual appreciation rate of 4.54%.
Relative to Texas, our data show that Carrollton's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Carrollton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carrollton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Carrollton real estate investment or home purchase decisions.